DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 9 minutes ago, potatohead said: Jesus, I am going to have to put these on to follow that chart.... They just won't color between the lines in this market. Extremely disorderly. It's symptomatic of the extreme liquidity shortage. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 Case numbers in Croatia have climbed every day this week vs. last week. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 5 day cycle projection has been pulled up to 3770. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 The market is either gonna go up or down here. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 Or it could go sideways. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 Definitely one of the three. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 Just trying to be interesting here. So many visitors to keep engaged. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 Seriously trading seems terribly illiquid. All that cash from the Treasury hasn't helped much. Big settlement coming Monday could be bigly disruptive. Link to comment Share on other sites More sharing options...
Jorma Posted February 26, 2021 Report Share Posted February 26, 2021 12 minutes ago, DrStool said: Seriously trading seems terribly illiquid. All that cash from the Treasury hasn't helped much. Big settlement coming Monday could be bigly disruptive. Yesterdays 2 minute accident in the 10yr is the only solid show of illiquidty I know of Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 This is a picture of illiquidity. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 This is relatively modest illiquidity. It can get a lot worse. The Treasury is trying to ameliorate it. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 They're trying to make this look like a bottom again. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2021 Author Report Share Posted February 26, 2021 And here comes the spanking. Another long squeeze. Link to comment Share on other sites More sharing options...
Jorma Posted February 27, 2021 Report Share Posted February 27, 2021 Noland finally got to write an I told you so article. It feels like a case can be made that the credit cycle has turned. It's about time as they have been falling for almost 39 years. Well if you believe in economic cycles but many don't because they are always so choppy. The 60 year credit cycle is a popular credit cycle benchmark among we cycle believers. The idea that rates could trend up for10 or 30 years now is simply outside the imagination of most living people. I've been willing to concede that rates may not trend up for a very long time, till that big asteroid hits for instance, on the condition that there is no longer a market in the supply and demand for credit. If borrowers can always borrow more to pay off old loans so default risk disappears then you have a credit system but it isn't a market. Truth be told nobody wants a credit market. However everyone wants more money. Everyone is an inflationist. They want Mars bases, inflating assets and some want to help poor people have some basic needs given to them. I hate Mars bases and am fine with giving the unable and even unwilling some basics but I'm aware that money is created by credit/debt. Which goes to my comment a few days ago on how Treasury debt held by the Fed isn't really debt if it never has to be paid back. Beyond the lag between the Treasury paying off the principal and then borrowing more which a few days or weeks later ends up in the Feds account. That appears to be a market, it uses market mechanisms, but it's a Potemkin Market. The debt is debt in name only. A polite fiction. Even if most would willingly concede that the debt market isn't a market they would still insist it's Capitalism. Where capital is unlimited. The money seemingly falling from heaven allowing people to do stuff. A lot of it good stuff like taking care of themselves and their families and work together to build nice things and have a purpose in life, beyond building the throw away wasteful junk. I guess a world where money is essentially unlimited shouldn't be called capitalism it should be called moneyism. For 100k years since our bipedal cousins got words and became humans shortage and need was the fate of most. Now bankers have convinced everyone the problem for 100K years was simply the mistake of not having enough money. I'm skeptical. For instance at this juncture 1/3 of Americans would like to kill another third of Americans. Link to comment Share on other sites More sharing options...
Jorma Posted February 27, 2021 Report Share Posted February 27, 2021 The latest in a view from way outside the economics bubble https://surplusenergyeconomics.wordpress.com/ Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.